Loyal Textile Mills, an India-based company providing an array of products and services for textile and apparel industries, has announced that it has now reached the status of a zero-debt company. The company had an outstanding term loan of ₹52.98 crore as on March 31, 2021, from banks and financial Institutions, which it has repaid entirely on November 18.Loyal Textile Mills has also repaid ₹27.59 crore in advance, which was due for repayment between November 19, 2021, and September 2022.
“Now, our Company has reached the status of zero-debt company,” Loyal Textile Mills said in a BSE filing.
Loyal Textile Mills, an India-based company providing an array of products and services for textile and apparel industries, has announced that it has now reached the status of a zero-debt company. The company had an outstanding term loan of ₹52.98 crore as on March 31, 2021, from banks and financial Institutions, which it has repaid entirely on November 18.#
Fibre2Fashion News Desk (KD)
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